Bill Text: NY A05121 | 2013-2014 | General Assembly | Introduced

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Bill Title: Establishes the credit for full-time nurses and the credit for teaching nurses to provide credits against income tax for certain nurses; provides that the amount of such credit shall be five hundred dollars.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-06-17 - held for consideration in ways and means [A05121 Detail]

Download: New_York-2013-A05121-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5121
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2013
                                      ___________
       Introduced by M. of A. CURRAN -- read once and referred to the Committee
         on Ways and Means
       AN ACT to amend the tax law, in relation to establishing certain credits
         against income tax for nurses
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.  Section 606 of the tax law is amended by  adding  two  new
    2  subsections (vv) and (ww) to read as follows:
    3    (VV) CREDIT FOR FULL-TIME NURSES. BEGINNING IN TAXABLE YEARS BEGINNING
    4  ON  OR  AFTER  JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER SHALL BE
    5  ALLOWED A CREDIT AGAINST THE TAX IMPOSED  BY  THIS  ARTICLE,  WHERE  THE
    6  TAXPAYER  IS  LICENSED  AS  A  REGISTERED PROFESSIONAL NURSE OR LICENSED
    7  PRACTICAL NURSE PURSUANT TO  ARTICLE  ONE  HUNDRED  THIRTY-NINE  OF  THE
    8  EDUCATION  LAW  AND  HAS  BEEN EMPLOYED ON A FULL-TIME BASIS WITHIN THIS
    9  STATE AS A NURSE FOR NOT LESS THAN SIX MONTHS DURING THE  TAXABLE  YEAR.
   10  THE AMOUNT OF SUCH CREDIT SHALL BE FIVE HUNDRED DOLLARS. FOR PURPOSES OF
   11  THIS  SUBSECTION,  THE  TERM  "EMPLOYED ON A FULL-TIME BASIS" SHALL MEAN
   12  EMPLOYMENT OF NOT LESS THAN THIRTY HOURS PER WEEK.
   13    (WW) CREDIT FOR TEACHING NURSES. BEGINNING IN TAXABLE YEARS  BEGINNING
   14  ON  OR  AFTER  JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER SHALL BE
   15  ALLOWED A CREDIT AGAINST THE TAX IMPOSED  BY  THIS  ARTICLE,  WHERE  THE
   16  TAXPAYER  IS  LICENSED  AS  A  REGISTERED PROFESSIONAL NURSE OR LICENSED
   17  PRACTICAL NURSE PURSUANT TO  ARTICLE  ONE  HUNDRED  THIRTY-NINE  OF  THE
   18  EDUCATION LAW AND WHO TEACHES NURSING AT AN INSTITUTION OF HIGHER EDUCA-
   19  TION FOR NOT LESS THAN SIX MONTHS DURING THE TAXABLE YEAR. THE AMOUNT OF
   20  SUCH  CREDIT  SHALL  BE  FIVE  HUNDRED  DOLLARS.  FOR  PURPOSES  OF THIS
   21  SUBSECTION, THE TERM "INSTITUTION OF HIGHER EDUCATION"  SHALL  MEAN  ANY
   22  INSTITUTION  OF  HIGHER EDUCATION OR BUSINESS, TRADE, TECHNICAL OR OTHER
   23  OCCUPATIONAL SCHOOL, RECOGNIZED AND APPROVED  BY  THE  REGENTS,  OR  ANY
   24  SUCCESSOR  ORGANIZATION,  OF  THE UNIVERSITY OF THE STATE OF NEW YORK OR
   25  ACCREDITED BY A NATIONALLY RECOGNIZED ACCREDITING AGENCY OR  ASSOCIATION
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08426-01-3
       A. 5121                             2
    1  ACCEPTED  AS  SUCH BY THE REGENTS, OR ANY SUCCESSOR ORGANIZATION, OF THE
    2  UNIVERSITY OF THE STATE OF NEW YORK, WHICH PROVIDES A  COURSE  OF  STUDY
    3  LEADING  TO  THE  GRANTING  OF  A  POST-SECONDARY DEGREE, CERTIFICATE OR
    4  DIPLOMA.
    5    S 2. This act shall take effect immediately.